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Helpful tips for creating wills and trusts

It is a known fact of life that planning for death is important and can save loved ones from difficult situations down the road. However, so many families in California will put off estate planning until its too late. Creating wills and trusts can ensure that assets are protected and remain in the family. The following tips can help when planning an estate.

One of the first things to do is to make a list of all assets, property and other valuables and indicate who will get these assets. This will ensure that all possessions are passed down correctly. It is also helpful to consider creating a living will. A living will is a document that informs doctors of wishes and desires in the event that a person becomes incapacitated and cannot make medical decisions on their own.

When drawing up an estate plan, it is also recommended to select key people that will execute plans and ensure that wishes are carried out. An executor is responsible for overseeing the settlement process and makes sure terms are carried out. If children are present, it is crucial to name a guardian for the children or dependents.

The most familiar parts of an estate plan include wills and trusts. A will describes how assets should be divided upon death, often in writing and signed. A trust is sometimes similar to a will, but trusts can be executed well before death and can often skip the probate process. California families who have questions regarding wills, trusts or any part of estate planning could benefit by seeking the services of an experienced and knowledgeable attorney.

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The Law Office of Araceli Tovar, APC

251 Madrona St.
Chula Vista, CA 91910

Phone: 619-869-4200
Fax: 619-869-4202
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